Best Cheap Car Insurance Companies for High-Risk Drivers in Alaska

Insurance companies may assess you as high-risk when you have a poor driving record and, hence, your premium may be higher. However, by comparing rates from several insurers, you can still find a cost-effective policy that meets your expectations.

State Farm meets the highest standards for balancing customer service and affordability in Alaska for high-risk drivers. State Farm’s policy for high-risk drivers is also the least expensive in the state, costing approximately $1,071 per year. Your specific insurance quote may vary significantly depending on various factors.

Many insurance companies believe that the chances of high-risk drivers filing a claim are greater. You may be labeled a high-risk motorist if you have a series of at-fault accidents, tickets or a DUI conviction on your record. A teen driver's inexperience on the road makes insurance for them higher as they are a risky customer.

In order to compensate for the higher probability of a claim, insurance firms often assess a higher premium to high-risk drivers. It is recommended that high-risk drivers in Alaska prepare for around a 26% increase in their auto insurance premiums.

According to MoneyGeek's research, State Farm offers the most affordable auto insurance for high-risk drivers in Alaska. The average annual premium for this provider's policy is $1,071.

Check out MoneyGeek's comprehensive review of State Farm for more details on the company’s prices, pros and cons.

According to MoneyGeek's analysis, State Farm has the greatest rating for high-risk drivers in Alaska, receiving a score of 96 out of 100. Our comprehensive review of State Farm's coverage options, average costs and level of customer service will give you a better understanding of the company.

GEICO is the second-best among the high-risk insurers in Alaska, with a score of 51 out of 100. Our review of GEICO provides further details.

MoneyGeek found State Farm's rate to be the most affordable in Alaska for drivers with a DUI conviction, coming in at an average annual cost of $1,042. Read our comprehensive State Farm review to find out more about the company's customer service, coverage options and potential for savings.

For active-duty and retired military members in the state who have a DUI, USAA may be another cheap high-risk auto insurance alternative.

Teen drivers are generally considered high-risk drivers. For Alaska’s teen drivers, GEICO is the most affordable auto insurance provider, per MoneyGeek's research. For teenagers, the average yearly premium for auto insurance is $3,597.

However, your age, among other factors, will affect your actual rate. Check out our review of GEICO to learn more about this insurance provider.

As per MoneyGeek's analysis of auto insurance quotes for drivers with bad credit in Alaska, GEICO offers the cheapest quote. The average yearly premium for a GEICO policy for drivers with poor credit is $966. Your actual rate may vary based on your age, gender and other factors.

Read the GEICO review from MoneyGeek to find out more information about this insurance company.

Automobile insurance companies typically take the driving record and other factors into account to calculate personalized high-risk car insurance quotes in Alaska. That's why high-risk drivers usually pay higher insurance rates.

In Alaska, for example, high-risk drivers pay an average of $1,353 per year for insurance, compared to around $984 for someone with a clean driving record. That's an increase of almost $369.

Using MoneyGeek's Alaska auto insurance calculator, you can estimate the price of a car insurance policy depending on details about yourself, including your age, gender, vehicle type, credit score, driving record and level of coverage. Furthermore, our tool can help you determine which factor has the greatest impact on your rate.

In a purely voluntary market like auto insurance, being turned down for coverage is a possibility if a provider sees you as too high of a risk. If this happens to you, your best bet is to get in touch with the Automobile Insurance Plan Service Office (AIPSO) to obtain an appropriate policy on the residual market. For 48 years, this non-profit group has been helping high-risk motorists get affordable insurance plans through the auto insurance residual market.

Using AIPSO's state-by-state database, you can identify a residual market plan that corresponds to your location. The Alaska Automobile Insurance Plan, administered by the Western Association of Automobile Insurance Plans, was established to provide auto insurance coverage to those with eligible risks who are unable to get coverage through the voluntary market. Risks eligible for the Alaska Automobile Insurance Plan are shared among auto insurers in the state of Alaska.

If you are a high-risk driver, finding auto insurance may be challenging. MoneyGeek answered some of the most commonly asked questions about high-risk auto insurance in Alaska in an effort to make the process easier for our readers.

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.